Overview of Erushitei Hikone (エルシティ彦根)
Erushitei Hikone (エルシティ彦根) is a 39-year-old condominium located at Hikone Shidai Higashichou 4-17 (彦根市大東町4-17), Shiga, Japan. Built in 1987, it comprises 52 units in a Reinforced Concrete (RC) structure. It was constructed by Asanuma Kumi (淺沼組).
Pricing & Floor Plans
Based on 25 past listings, prices have ranged from 280〜1,180万円 (approx. $18,667–$78,667 USD at ¥150/$).
Unit sizes range from 39.6–67.2 sqm (426–723 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 2DK (2-bedroom w/ dining-kitchen), 1R (Studio), 3LDK (3-bedroom w/ living-dining-kitchen), 3DK (3-bedroom w/ dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥14.9万/sqm (approx. $993/sqm or $92/sqft).
Location & Neighborhood
The property is located at Hikone Shidai Higashichou 4-17 (彦根市大東町4-17), Shiga, Japan. It is a 3-minute walk to the nearest station. This is considered excellent station access in Japan, where most daily errands are done on foot or by train.
Investment Perspective
Building depreciation: In Japan, buildings depreciate significantly over time. Wood-frame houses depreciate to near-zero value at around 22 years, while RC structures depreciate more slowly but still lose value. At 39 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 52 units, this is a relatively large condominium. Larger buildings typically benefit from lower per-unit maintenance and repair reserve costs.
Key cultural note: Unlike the US where properties typically appreciate over time, Japanese buildings depreciate while the underlying land tends to hold or gain value. This means buyers should evaluate the land-to-building value ratio carefully.
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